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The article reports that Cape Verde has achieved the Middle Income Country (MIC) Status alongside with the approval of its 2009-2012 Country Strategy Paper (CSP) by the Board of Directors of the African Development Bank (AfDB). It explores the content of CSP, which is based on two strategic pillars that cater on good governance and infrastructure. Likewise, it details the role of the bank on the reforms geared for both frameworks including the provision of necessary supports.

The article covers economic issues in Somalia as of September 2011. Food Security and Nutrition Analysis Unit for Somalia (FSNAU) data indicate that famine has reached the Bay region while the United Nations (UN) organization raises concern that international aid efforts cannot address the problem. It discusses the benefits and disadvantages of the establishment of the refugee complex Dadaab in Kenya which accepts Somali refugees. It also notes food prices in the country have increased.

Focuses on the poor state of Eritrea's economy. Socioeconomic impact of the 1998-2000 border war with Ethiopia; Government officials' issuance of an Interim Poverty Reduction Strategy Paper and a national food security strategy; Country's domestic food production for 2004; Growth of macroeconomic imbalances; Progress made in reducing the overall fiscal deficit.

Reports on the economic program of Gabon with the aid of the International Monetary Fund (IMF). Priorities outlined in the Poverty Reduction Strategy Paper; Reduction in the public sector wage bill; Stand-by loan from the IMF; Macroeconomic performance in 2003; Performance of economic indicators, including gross domestic product, consumer price inflation, exports and imports.

The article reports the termination of Cape Verde's classification as a least developed country by 2008. This turning point coincides with various notable events on the country's economy including its significant growth by 10.8 percent and increased revenues from the tourism sector. José Brito, Minister of Economy, Growth and Competitiveness, stresses that the growth of accumulated profit generated by the sector serves as a surplus for the government's operating budget. However, despite this development Cape Verde remains to keep an official poverty rate of 37 percent as it continues to count on grants and loan aid.

The article examines the flourishing tourism industry in Africa. This trend persists despite increasing threats in terrorism and high aviation fuel costs. The World Tourism Organization revealed in its global statistics for 2005 that Mozambique and Kenya were the fastest growing tourism destinations. The statistics showed that tourism has made an economic impact in the region with the sub-Saharan region topping the highest rate of increase in tourist visits.

Forecasts the economic performance of Senegal. Classification of Senegal as one of the least developed countries; Economic growth rate; Inflation; Gross domestic product; Performance of the informal sector.

The article offers the economic outlook for Cameroon. The country's growth rate, according to the seventh issue of the "Cameroon Economic Update." could stand at roughly 4.6% in 2013 due to the boost received from industrial agriculture. The private sector is also said to be the driving force behind strong growth and job creation.

A profile of the economic and financial status of African nations as of December 2013 is presented. The 2014 budget and financial statement of Ghana was presented by Minister for Finance Seth Terkper to Parliament which had been prepared with due consideration for the aspirations of the Ghanaians for a better Ghana that provides opportunities for all. The East African Community signed a protocol to establish a monetary union.

The article cites several economic indicators in 2008 in Sierra Leone including population growth rate, gross domestic product (GDP) growth and foreign direct investment.

The article provides an outlook for the economic condition of Rwanda. It expects that the economy of the country will grow by 7% to 8%, up from 5.5% in 2009. According to Minister of Finance and Economic Planning John Rwangombwa, the agricultural sector was the key factor of economic growth, having registered a 10.4% growth in 2009. Moreover, financial experts from the agency anticipate that private sector will increase by at least 20%, therefore, boosting the economic activity.

The article looks at the budget of East Africa for 2012-2012. Four of the five East African Community (EAC) member countries have a total budget of 33 billion U.S. dollars for 140 million people. Kenya, Uganda and Tanzania are said to be facing the challenge of maintaining their economic growth rates amid global economic uncertainties, high inflation and weak currencies. The priority areas to ensure that Kenya sustains its economic growth momentum are outlined.

The article discusses the transmission of the financial assistance of the European Union and other donors into direct budget support for Cape Verde. This trend provides the government with more opportunities to work on immediate action for the country. The author stresses that the altered gross domestic product (GDP) estimate reflects the achievement of the government's target of reaching double-digit growth by 2011. He also highlights the contribution of tourist-related foreign investment as well as strong domestic demand on the country's sudden change on its economic condition.

The article offers news briefs related to economics in Africa. African civilization aviation has received a boost through a multi-million dollar deal that will increase the use of satellite technology to enhance air traffic control. Six people died after a cargo plane crashed in Cameroon after failing to land at an airport in N'djamena in Chad. Libyan airline company was to open a new air link between Tripoli and Rabat on May 3, 2006.

Focuses on the improvement of the gross official reserves of the Reserve Bank of Malawi in Malawi. Assessment of the economic indicators detailing the improvement of the import cover of the banking sector; Impact of the food inflation to the economy.

The article focuses on the African Development Bank's (AfDB) 2015 annual report for North Africa, which assessed the economies of the six countries in the region.

Reports on the impact of the surge in oil prices on the economic conditions in the six countries of the Economic Community of Central African States (CEMAC). Gabon's national gross domestic product; Chad's growth rate; Depletion of known reserves in Gabon; CEMAC countries with positive evolution.

Discusses economic assistance projects of the United Nations to Burundi, Chad, Eritrea, Ghana, Kenya, Madagascar, and Tanzania. Food security and sustainable land management; Housing for poor families; Loans for rural electrification and energy distribution; Thermal power plant; Electricity generation; Poverty reduction; Emergency credit.

The article discusses the macroeconomic development report in Africa in 2014. Topics discussed include the expected growth in oil production in 2014, the recovery of Egyptian economy after four years of slow activity, the growth in railway project of Kenya's Standard Gauge Railway (SGR), and the signs of recovery in the economy of Madagascar.

The article focuses on the "Afrobarometer" research project which revealed a chasm between the struggles faced by Swazis and the government's ability to address economic problems. Topics discussed include government's failure to address their food needs, the poor marks given by respondents to the government's economic performance and the country's dependence on international food aid. Also included are the insights of agronomist Thabo Nxumalo on food aid.

The article reports on the struggling economic and political conditions in South Sudan. It is noted that economic problems in the country have been driven by various factors, including conflict in the north, worsening fuel shortages and fears that the country will be out of cash. The country also shut oil production which accounted for 98% of revenues in January 2012.

The article reports on issues and topics related to the economic condition of South Africa. Indications show a positive sign of the country's economic performance. According to the International Monetary Fund, the 6 percent growth target before 2010 is achievable. This notion supports economists' views that South Africa is on a structurally higher growth path that is capable of delivering annual growth in excess of 4 percent for the next few years.

The article reports on the argument of Najat Rochdi, aid coordinator of the United Nations (UN) for Cameroon regarding humanitarian crisis.

This section offers economic-related news briefs in Burkina Faso as of September 1, 2015, including the suspension of the salaries of over 1,200 civil servants as part of an initiative to prevent fraud in public office after it was found that the country loses over 19 million U.S. dollars in salaries to ghost workers, and the signing of the African Development Bank Group (AfDB) and leasing firm Fidelis Finance of a loan agreement under the Africa Small and Medium Enterprises(SME) Programme.

The article focuses on the political support and financial assistance for Horn of Africa. Topics discussed include representatives from several agencies who combined force to help the region, which include United Nations (UN) Secretary-General Ban Ki-moon, World Bank Group (WBG) President Jim Yong Kim, and African Development Bank (AfDB), several issues in the region, including poverty, malnutrition, and illiteracy, and promotion of sustainable development.

The article offers news briefs related to the African Development Bank (AfDB) as of January 1, 2017, including the appointment of five regional directors-general like Janvier Litse, the transformation of Rwanda's economy, and women-owned businesses in Nigeria.

The article reports that Mali President Ibrahim Boubacar Keïta is facing criticism over failures to broker a settlement in the north and boost the national economy. Topics mentioned include a statement by Prime Minister Moussa Mara on claims of growing corruption in the Bamako government, high prices and unemployment in the country, and the view of government economist Mamadou Sidibé on the country's economy.

The article reports that the new Mali government and its partners are focusing on long-term development as Mali slowly emerges from its 2012 political crisis, but aid groups warned that the Mali government must first provide more food aid to extremely vulnerable communities in the north of Mali.

The article reports that the United Nations (UN) helped Mauritania in encouraging Arab donors to reach beyond their customary role in development and engage in humanitarian response. Particular focus is given to the trip organised by the UN Office for the Coordination of Humanitarian Affairs (OCHA) to enable the Arab donors visit severely food-insecure regions of Brakna and Gorgol in Mauritania in February 2014. Details relating to the assistance provided by the Arab donors are presented.

The article reports on the launch of a public investment and reform program by the Gabon government to transform the country into a diversified emerging market economy by 2025. The International Monetary Fund (IMF) suggested the efficient use of oil and mineral resources to support inclusive economic growth. The country's real gross domestic product (GDP) is expected to increase in 2012 because of rising public investment.

The article focuses on socio-economic conditions in Mali as of February 15, 2013. The country's economy shrank 1.5 percent in 2012 after growing an average 5.7 percent annually in 2000 to 2010, according to the World Bank. The author says the impact on the country's northern region has been worse. The Islamist occupiers who were driven away by an international coalition destroyed the region's water and electricity systems, transportation and communication networks before departing.

The article looks at the economy of Libya after the uprising against long-time dictator Mouammar Gaddafy on February 17, 2011 escalated into a full civil war that ended with his ouster and death in October 2011. It notes that oil production bounced back quickly after Gadaffy's fall and the real gross domestic product (GDP) growth in Libya is expected to be 12.2 % in 2012 and 16.7 % in 2013. The weak banking sector and the uncertainty facing the hotel and housing sector are also cited.

The article looks at developments in South Sudan as the country marked its first year of independence on July 9, 2012. In his speech, President Salva Kiir pointed out that the country needs to be independent economically. An overview of the economic condition in South Sudan, which is one of the world's poorest countries, is provided. Kiir has vowed to confront the corruption problem and claimed that the country's economy sill had to be liberated from its dependence on foreign powers.

The article reports on the malnutrition and economic conditions of Somalia. United Nations (UN) Office for the Coordination of Humanitarian Affairs (OCHA) said that nutritional problems can be addressed by long-term integrated responses such as nutritional rehabilitation and child feeding. Meanwhile, Ahmedou Ould-Abdallah, UN Special Representative for Somalia, congratulated the country's government and highlighted the need peace initiatives that focus on economic development and job creation.

The article reports that the Transitional Federal Government (TFG) of Somalia has reopened the Central Bank of Somalia on January 16, 2010, which was shut after the collapse of the central government in 1991. It states that international donors will now be able to channel financial assistance to the TFG directly to the Central Bank. Furthermore, Somali cabinet ministers have approved to print a new national currency but anti-government troops were unlikely to accept it in their territories.

The article reports on the effect of the global financial crisis on the production and export of tobacco, the chief foreign exchange earner of Malawi. The crisis will affect the export price of tobacco which can become $1.5 per kilogram compared to its original price of $2.5 per kilogram. Bingu wa Mutharika, the country's Minister of Agriculture reacted that Malawi tobacco should not be sold for $1.5 per kilogram. The industry employed more that 80 percent of Malawians and 30 percent of the country's gross domestic product (GDP) is achieved from tobacco.

The article reports on the revitalization of the agricultural sector following a series of droughts and food shortages in 2009 in Togo. The country promised to invest millions to recover the agricultural sector. Donors of funds that were convened by the government include World Bank, West African Development Bank and International Monetary Fund. They agreed to give the country $57 million for agriculture, training for farmers and many other purposes. It is forecasted that Togo will attain a growth rate of 1.7 percent in 2009.

The article reports on the agreement between the Paris Club creditors and the Brazzaville government to cancel the latter's external debt in Paris, France on December 11, 2008. The agreement caused the cancellation of $643 million and the rescheduling of the government's debt of $119mf to Paris Club. It notes that the agreement was done under the Cologne terms which is the poorest terms for debt nullification.

The article reports that Rwanda has a real, consistent growth of more than five percent between 1994 and 2004, which is the second highest in Africa. Rwanda's economic development vision is based on a philosophy that sees the establishment of security as a precondition for growth and shared economic growth as the only guarantor of long-term security. This vision extends beyond its borders, the Rwanda's integration into the East African Community, as well as its contributions to African Union and the United Nations efforts in Darfur and the Comoros have cemented this new direction.

The article reports on the economic and political condition of Tanzania, under the presidency of Jakaya Kikwete. This country has been lauded as a modest success during Kikwete's presidency, after many years of sluggish growth and near bankruptcy. The country's economy is forecasted to grow by seven percent in 2007 and even more in 2008. Foreign donors and investors also began to put in more cash because of President Kikwete's sounder management and embrace of the free market. However, corruption and some Zanzibar people's dissatisfaction with the island's union with the old Tanganyika, remain the biggest problems of Kikwete.

The article highlights the visit of the International Monetary Fund (IMF) in the Republic of Guinea from July 4-18, 2007. IMF mission is meant to conduct the regular annual review of the state's economic policies and to initiate discussions with the authorities on the three-year program that could be supported by the a poverty reduction and growth facility arrangement. The mission met with Prime Minister Lansana Kouyaté, the Minister of Finance and other state officials, representative of the business community, civil society and state's development partners. Moreover, analysts note that since April 2007, the new government is working to restore financial control and stabilize the economic situation.

The article reports on the economic condition of Central African Republic. After several years of conflict, the country has returned to economic growth, with a rate of 3.7% in 2006, compared to an annual average of 0.6% from 1998 to 2005. Its economic recovery process is anticipated to continue in 2007 and 2008 with the implementation of macroeconomic and structural reforms.

The article reports that the Executive Board of the International Monetary Fund (IMF) has approved a three-year arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Central African Republic in an amount equivalent to U.S.$54.5 million to support the government's economic program into 2009.

The article reports on the expected improvement of the Liberian economy. The real gross domestic product have grown by 5.3% in 2005 from 2.6% in 2004. The recovery is largely driven by donor activities and reflected the gradual improvement of security in rural areas. The government of President Ellen Johnson-Sirleaf has implemented key steps to address problems in financial management and economic governance.

The article reports on the slowdown in the economic growth of Mauritius in 2005. The country is one of the states in Africa known to have a stable economy in sectors that include tourism, textiles and sugar. A report shows that the slowdown is due to the dismantled sugar and textile industries. A 36 percent cut in the selling price of sugar is enforced in the country. Only the tourism industry remained stable but suffers a fall of only 3 percent.